Adjustment on Account of Bad Debt Relief
Public Clarifications

Adjustment on Account of Bad Debt Relief

Where a VAT registered supplier supplies goods or services to its customers but is not paid (wholly or partially) within a specified period, such supplier may be able to adjust the VAT on the bad debts, subject to meeting the conditions prescribed in Article 64(1)1 of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (‘Decree-Law’).

This Public clarification discusses the conditions which must be met in order to benefit from the Bad Debt relief scheme.

For more information on these services, please contact us:


Tel: +971 43 23 1183
Mob: +971 55 899 5971
E-mail: mail@alnuaimiauditors.com


Ahmed Saleh Al Nuaimi Auditors and Accountants is a unique, high-spirited team of Certified Public Accountants ,  Chartered Accountants ,  Certified Management Accountants and Auditors making creative and innovative contributions to our clients and our community. The insights and quality services we provide help build trust and confidence among our clients. We offer an integrated array of specialized services including Audit, Accounting,Tax, Consulting and Advisory

Head Office

Office No.215, Abdulla Ahmad Mohammed Bin Fahad 4, Al Qusais 2, Dubai, UAE

Tel: +971 43 23 1183
Mob: +971 55 899 5971
E-mail: mail@alnuaimiauditors.com

Sun-Thu: 8:00 – 6:00
Sat: 8:00 – 6:00

Ras Al Khaimah

B01_G08, BU01
Al-Hamra Industrial Zone
Ras Al Khaimah, UAE

Mob: +971 55 899 5971
E-mail:mail@alnuaimiauditors.com
Web: www.alnuaimiauditors.com

 

Bahrain

Suave Besto Consultancy WLL 708B , Road No 1513 , Block 215 Muharraq , Bahrain.

T: +973 3944 2143 | +973 3396 2350
E-mail: mail@alnuaimiauditors.com
Web: www.alnuaimiauditors.com

 

India

No:55 and 55/1,
6th Phase, JP Nagar
Bangalore, Karnataka

Tel: +91 80 412 02633
Mob: +971 55 899 5971
E-mail: mail@alnuaimiauditors.com
Web: www.alnuaimiauditors.com